Private equity firm Carlyle Group LP reported a higher-than-expected 216 percent rise in fourth-quarter earnings as the value of its funds jumped and the profits generated from the sales of assets soared.Economic net income (ENI), an earnings measure comprising cash and paper profits or losses based on how funds have been marked to market, increased to $576 million in the fourth quarter from $182 million a year earlier.This translated into post-tax adjusted ENI per share of $1.64. Analysts on average expected 91 cents, according to Thomson Reuters I/B/E/S.Carlyle's pretax distributable earnings, which show how much cash is available to pay dividends, were $401 million versus $188 million a year earlier, as the company monetized more of its assets.
Shares of CG traded higher by 0.65% or $0.23/share to $35.46. In the past year, the shares have traded as low as $23.85 and as high as $38.13. On average, 379626 shares of CG exchange hands on a given day and today's volume is recorded at 388625.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.7% or $0.24/share to $34.53. In the past year, the shares have traded as low as $29.61 and as high as $38.73. On average, 702587 shares of TRI exchange hands on a given day and today's volume is recorded at 1204312.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.37% or $0.14/share to $37.82. In the past year, the shares have traded as low as $30.10 and as high as $42.10. On average, 892911 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 892749.
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